Report: Fossil Fuel Subsidies Hurting Global Economic Growth

Press contact: Bob Keefe, NRDC, 202-650-4625 or [email protected] or Elizabeth Heyd, 202-289-2424 or [email protected] If you are not a member of the press, please write to us at [email protected] or see our contact page Report: Fossil Fuel Subsidies Hurting Global Economic Growth NRDC: Instead of subsidizing corporations that destroy planet, governments should support clean and renewable energy RIO DE JANEIRO (June 18, 2012) – Ending fossil fuel subsidies would save governments nearly $1 trillion while also improving environment and economic conditions worldwide, according to a report from the Natural Resources Defense Council and other environmental and social advocacy groups. At a press conference at the Rio+20 Earth Summit in Rio de Janeiro, NRDC international climate policy director Jake Schmidt made the following statement: “The only beneficiaries of fossil fuel subsidies...